2015 is yet another year of significant change in the world of nonprofit accounting and auditing. Time is valuable, and it’s hard to stay current in today’s rapidly changing environment. Let us save you time and effort in staying current through this informative update course. The course materials utilize a highly illustrative format to increase concept comprehension and retention.

Major Topics:

  • The December 2013 OMB release of Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards which will significantly affect auditors and auditees beginning in 2015
  • Continuing issues and challenges involving the Yellow Book
  • Working with GAAS in the post-implementation phase of the clarified auditing standards
  • Recent FASB activities directed towards nonprofits including the Financial Statements of Not-for-Profit Entities project (which will ultimately result in the most significant changes in nonprofit reporting in over twenty years)

Learning Objectives:

  • Keep up with the latest developments at the GAO, OMB, AICPA, and FASB 
  • Ensure that your accounting and auditing skills stay up-to-date with current requirements
  • Be prepared for major changes on the horizon

Designed For: Auditors and industry professionals working in the nonprofit environment
Level of Knowledge: Update
Prerequisite: Knowledge of nonprofit accounting and auditing
Advanced Preparation: None
Credits: 8